RBA & Markets: A bond selloff pushed yields higher and battered Australian equities, with the ASX 200 down sharply as investors weigh rate pressure and housing stress. Card Surcharge Ban: From today, merchants can’t add card surcharges, but businesses still face interchange costs—banks say the transition is mostly smooth while retailers decide whether to absorb fees or lift prices. Banking Regulation & AI: APRA/ASIC are moving to review banks’ customer-facing AI use, as Australia grapples with privacy and security risks after an OpenAI-linked Medicare breach. Housing Risk: The RBA flagged higher negative-equity risk for 5% deposit homebuyers, while analysts warn the property downturn could deepen. Private Credit Stress: Metrics Credit Partners temporarily froze redemptions after KPMG withheld audit sign-off, highlighting strain in semi-liquid private credit. Energy & Data Centres: AGL is eyeing data centres at coal and gas hubs, while Atlassian signed a 10-year virtual power deal with a community solar co-op—fuel for the renewables vs data-centre debate. Critical Minerals: Lynas agreed to buy Brazil’s Meteoric Resources in a deal aimed at securing dysprosium/terbium supply beyond China. Wealth & Super: A new discussion in Australia and New Zealand questions whether KiwiSaver/superannuation truly boosts household outcomes after years of compulsion and tax concessions.